PHOTO: Bank Of Mum And Dad

When it comes to cracking into the property market, parents are lending a bigger helping hand than ever before.

For Fred Williams, 20, the prospect of owning a home was daunting, to say the least.

“It’s definitely really paralysing sometimes,” he told 10 News First.

“To look at those really high numbers, especially as someone who’s making minimum wage at the moment just flipping burgers.”

Priced out of the market by both a low income and rising property prices, the business student’s first step on the property ladder was fully funded by the bank of mum and dad.